Three Bedroom Unit Maple Woods Sold 226 Mil Profit

Y:The most profitable condo deal last week was the sale of a three-bedroom unit at Maple Woods, which netted the seller a profit of $2.26 million. The sale took place during the week of July 29 to Aug 5 and was the largest gain recorded in the week. The unit, located on the first floor, measures 1,539 sq ft and was sold for $3.26 million, or $2,117 per square foot, on Aug 4. The seller had purchased the unit in January 1999 for approximately $1 million, or $650 per square foot, resulting in a capital gain of 226%. This translates to an annualised profit of about 8.7% over a holding period of almost 27 years.The transaction at Maple Woods is the sixth most profitable deal ever recorded for the development. The record profit belongs to a four-bedroom unit of 2,551 sq ft, which was sold for $5.45 million, or $2,136 per square foot, on May 2. The seller had bought the unit in January 2004 for $1.46 million, or $572 per square foot, resulting in a gain of $3.99 million, or 273%, over a holding period of over 21 years. The sale of a 1,539 sq ft unit at Maple Woods fetched $3.26 million on Aug 4 (Picture: Samuel Isaac Chua/)Maple Woods is a freehold condo located on Bukit Timah Road in District 21. Completed in 1997, it features 697 units comprising two- to four-bedroom units spanning 850 sq ft to 3,003 sq ft. The development is conveniently situated just a five-minute walk away from King Albert Park MRT Station on the Downtown Line, and is also in close proximity to prestigious schools such as Methodist Girls’ School and the Rail Corridor.Read also: Project Spotlight: Sea Views, MRT, Million-Dollar Profits — The Seaside Residences StoryAdvertisementAdvertisementDuring the same week, the second most profitable condo resale deal took place at Valley Park where a two-bedroom unit was sold for $3.04 million. The unit, measuring 1,356 sq ft and located on the sixth floor, fetched $2,240 per square foot on Aug 5. The seller, who purchased the unit in November 1995 for $1.09 million, or $804 per square foot, raked in a profit of $1.95 million, or 179%. This translates to an annualised profit of 6% over a holding period of nearly 30 years.A 1,356 sq ft, two-bedroom unit at Valley Park changed hands for $3.04 million on Aug 5, recording a gain of $1.95 million (Picture: Samuel Isaac Chua/)Valley Park is a 999-year leasehold condo situated on River Valley Road in prime District 10. The development, completed in 1997, features five high-rise blocks boasting 728 units ranging from one- to four-bedroom units measuring 732 sq ft to 1,808 sq ft. It also offers penthouses of 2,562 sq ft to 3,940 sq ft.Apart from the unit sold on Aug 5, Valley Park has recorded six other resale transactions this year. According to available caveats, all six deals were profitable. With unit sizes ranging from 1,216 sq ft to 1,356 sq ft, gains made thus far ranged from $900,000 to $1.64 million.However, these gains are eclipsed by the highest profit ever recorded at Valley Park. In June 2022, a four-bedroom penthouse measuring 3,789 sq ft was sold for approximately $7.57 million, or $1,998 per square foot. The seller had bought the unit in May 2006 for $3.36 million, or $886 per square foot, resulting in a gain of $4.21 million.Meanwhile, the least profitable condo resale deal of the week took place at Reflections at Keppel Bay, where a four-bedroom unit was sold at a loss of $380,000. The unit, spanning 2,659 sq ft and located on the seventh floor, was sold for $4.32 million, or $1,625 per square foot, on Aug 1. The seller had bought the unit in April 2016 for $4.7 million, or $1,768 per square foot, resulted in a capital loss of 8.1%. The seller had owned the unit for over nine years.The sale of a 2,659 sq ft unit at Reflections at Keppel Bay resulted in a loss of $380,000 after it was sold for $4.32 million on Aug 1 (Picture: Samuel Isaac Chua/)Reflections at Keppel Bay is a 1,129-unit waterfront luxury development located in prime District 9. The 99-year leasehold development features six residential towers between 24 to 41 storeys and 11 low-rise villa apartment blocks.Read also: What do buyers want in their dream home?AdvertisementThe development has recorded 32 resale transactions in the year thus far based on caveats lodged. Data compiled on EdgeProp Research indicates that 20 of these deals occurred below their respective purchase prices. The biggest loss was recorded from a 1,733 sq ft, three-bedroom unit that was sold for $2.8 million, or $1,616 per square foot, on July 3. The seller had bought the unit in August 2013 for $4.18 million, or $2,412 per square foot, resulting in a loss of $1.38 million. For more information on Maple Woods, view the latest listings here. You can also compare the price trends of HDB, condominiums, and landed properties, or compare the price trends of condominium new sales and executive condominium new sales. To find the most expensive PSF for properties, check out the condominium projects with the most expensive average PSF. Discover the condominium projects with the most unprofitable transactions in District 21 on EdgeProp Singapore.
Maple Woods unit nets record profit of $2.26 million during July 29 to Aug 5

During the week of July 29 to Aug 5, the most profitable condo resale deal took place at Maple Woods, with a three-bedroom unit fetching a record profit of $2.26 million. The 1,539 sq ft unit on the first floor was sold for $3.26 million, translating to $2,117 per square foot on Aug 4. The seller had originally purchased the unit in January 1999 for about $1 million, or $650 per square foot. This resulted in a capital gain of 226% or an annualised profit of 8.7% over a holding period of almost 27 years.

This transaction marks the sixth biggest gain ever recorded at Maple Woods. The highest profit was achieved by a four-bedroom unit measuring 2,551 sq ft, which was sold for $5.45 million, or $2,136 per square foot on May 2. The seller, who had bought the unit in January 2004 for $1.46 million, or $572 per square foot, made a staggering gain of $3.99 million, or 273%, over a holding period of over 21 years.

Maple Woods is a freehold condo located in District 21 on Bukit Timah Road. Completed in 1997, it consists of 697 residences ranging from two- to four-bedroom units measuring between 850 sq ft to 3,003 sq ft. With its strategic location, just a five-minute walk to the King Albert Park MRT Station on the Downtown Line, it is also close to prestigious schools such as Methodist Girls’ School and the Rail Corridor.

The North-South Line offers convenient and efficient access to various important interchange stations like Bishan (linked to the Circle Line), Dhoby Ghaut (connected to the North-East and Circle Lines), and Sembawang Road EC. These interchanges provide seamless connectivity to other parts of Singapore, making it a highly sought-after location for residents and commuters.

The second most profitable condo resale deal during the week took place at Valley Park, where a two-bedroom unit was sold for $3.04 million. The unit, measuring 1,356 sq ft on the sixth floor, was sold for $2,240 per square foot on Aug 5. The seller had originally bought the unit in November 1995 for $1.09 million, or $804 per square foot, making a gain of $1.95 million, or 179%. This translates to an annualised profit of 6% over a holding period of almost 30 years.

Valley Park is a 999-year leasehold condo located in prime District 10 on River Valley Road. Built in 1997, it has five high-rise blocks housing 728 units ranging from one- to four-bedroom units measuring between 732 sq ft to 1,808 sq ft. It also offers penthouses of 2,562 sq ft to 3,940 sq ft. Apart from the unit sold on Aug 5, there were six other profitable resale transactions at Valley Park this year, with unit sizes ranging from 1,216 sq ft to 1,356 sq ft, netting gains between $900,000 to $1.64 million.

However, the highest profit ever recorded at Valley Park was made in June 2022 when a four-bedroom penthouse unit measuring 3,789 sq ft was sold for approximately $7.57 million, or $1,998 per square foot. The seller, who had bought the unit in May 2006 for $3.36 million, or $886 per square foot, made a gain of $4.21 million, or 125% over 16 years.

On the other hand, the least profitable condo resale deal of the week was recorded at